Property Law – Griffin v Awoderu and others

23 Jan 2008

Area(s) of Law :
Banking, Finance & Credit Law
Commercial Law
Insolvency, Partnership & Company Law
Property Law
Court : Chancery Division
Source : [2008] All ER (D) 140 (Jan)

Case Summary By :
Sara Benbow

Insolvency Act 1986 s.423 – Transaction at undervalue – Transaction for prohibited purpose – No requirement of insolvency to invoke section – Claimant lending First Defendant funds for purchase of property – First Defendant subsequently encountering financial difficulties – First Defendant twice exchanging contracts for sale of property to Second Defendant immediately prior to execution of possession orders against property – Sale to Second Defendant never taking effect – First Defendant subsequently purporting to sell property to Third Defendant in breach of freezing orders – Whether sale being transaction at undervalue.



Put the main content here.


This content is provided free of charge for information purposes only. It does not constitute legal advice and should not be relied on as such. No responsibility for the accuracy and/or correctness of the information and commentary set out in the article, or for any consequences of relying on it, is assumed or accepted by any member of Chambers or by Chambers as a whole.


Please note that we do not give legal advice on individual cases which may relate to this content other than by way of formal instruction of a member of Gatehouse Chambers. However, if you have any other queries about this content please contact: